White Plains, Virginia Property Taxes
The median property tax rate in White Plains, VA is 0.65%, considerably lower than both the national median of 0.99% and the Virginia state median of 0.89%. With the median home value in White Plains, the typical annual property tax bill reaches $422, significantly below the national median of $2,690. Property taxes in White Plains are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding White Plains' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of White Plains or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
White Plains, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$422
Ownwell’s White Plains Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in White Plains with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Plains to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across White Plains, Virginia
Property taxes in White Plains, Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in White Plains is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within White Plains set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Plains estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares White Plains' effective property tax rate to other counties in Virginia and the national median. For comparison, the zip code 23893 has both the highest and lowest median property tax rate of 0.65%. Understanding how these cities compare with White Plains provides valuable insights into the varying tax landscape across Brunswick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average White Plains Tax Rate
0.65%
Average Brunswick County Tax Rate
0.65%
Average Virginia Tax Rate
0.89%
Average United States Tax Rate
0.99%
Property Tax Rates Across White Plains, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23893 | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across White Plains, Virginia
In White Plains, Virginia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Brunswick County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In White Plains, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in White Plains helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is found in zip code 23893 at $422.00, while the lowest median tax bill is also in zip code 23893 at $422.00.
Average White Plains Assessed Value
$64,900
Average Brunswick County Assessed Value
$41,900
Average Virginia Assessed Value
$298,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across White Plains, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23893 | $28,600 | $38,300 | $64,900 | $180,000 | $312,760 |
Source: Ownwell
Property Tax Bills Across White Plains, Virginia
In White Plains, Brunswick County, VA, property tax bills are determined by the assessed value of a home combined with the local tax rate. The assessed value is an estimate of the property’s market value, and this figure is multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $64,900, homeowners can expect varying tax bills depending on the percentile they fall into. At the 25th percentile, tax bills are around $249, while at the 75th percentile, they rise to approximately $1,167. The 90th percentile sees tax bills as high as $2,030. Comparatively, the national median property tax rate is 0.99%, which may offer some perspective on how tax obligations in White Plains align with broader trends. These tax bills impact homeowners by influencing their monthly housing costs and overall affordability, making it crucial for residents to understand how their property is assessed and taxed.
Average White Plains Tax Bill
$422
Average Brunswick County Tax Bill
$272
Average Virginia Tax Bill
$2,608
Average United States Tax Bill
$2,690
Property Tax Bills Across White Plains, Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23893 | $186 | $249 | $422 | $1,167 | $2,030 |
Source: Ownwell